In case you hadn't seen it anywhere else on my sites, this is a real boon to investors.
The Federal Housing Administration will place a one-year moratorium on its anti-flipping rule, which will allow buyers with FHA-backed loans to purchase homes that have been held for less than 90 days. This could be temporary according to HUD, but hopefully when inventory appears we can help our clients have a better opportunity to purchase. The waiver will go into effect on February 1, 2010.
For more info http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/19/BUR51BKBUO.DTL
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